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Hedge fund boss Ken Griffin says LME was ‘incomprehensibly wrong’ to wipe $4bn in nickel trades
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Kenneth Griffin, chief executive and founder of hedge fund Citadel, is the latest finance giant to criticise the London Metal Exchange after a March spike in nickel prices led the trading platform to cancel almost $4bn in trades.
"That was one of the worst days in my professional career in terms of watching the behaviour of an exchange," he said in an interview with Bloomberg on 19 May.
Griffin...
Read more on fnlondon.comAbout this in other media
LME boss defends cancelling nickel trades to stop ‘multiple defaults’ fnlondon.com /2 years ago
London Metal Exchange hit with two U.S. lawsuits over nickel trading chaos cnbc.com /2 years ago
Elliott Management sues London Metal Exchange for more than $456m over cancelled nickel trades fnlondon.com /2 years ago
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